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812-818 Yaamba Road Parkhurst QLD 4702

  • Retail
  • 20 - 900 m²
  • For Lease, From $1,950 PCM plus GST

HIGH EXPOSURE LOCATION - DESIGNATED GROWTH CORRIDOR

  • Designated Growth Corridor
  • High Profile Bruce Highway Location
  • Attractive Lease Terms & Incentives

PARKHURST TOWN CENTRE
Developed, constructed, owned and managed by AHC Limited.

A convenience based shopping centre, it has enjoyed steady increases in average weekly foot traffic from 14,000 per week on opening in November 2016 to 23,000 persons per week currently.

* The Centre’s total floorspace is 8,290 sqm, anchored by a full-line Woolworths supermarket of 4,040 sqm plus 21 supporting specialty retail and commercial tenants.

* The retail specialty is convenience focused with key national tenants including Brumby’s Bakery, The Lucky Charm Newsagency, Priceline Pharmacy and BWS.

* Non-retail tenants within the Centre include a gym, medical centre and accountant’s office.

* A Puma service station is also provided as a padsite.

* A development application has been approved for an additional padsite fronting Yaamba Road, adjacent to the existing Puma service station.

For further information, or to arrange an inspection, contact AHC, owners and managers of the Parkhurst Town Centre.

Parkhurst Town Centre is located in the growing suburb of Parkhurst at the intersection of the Bruce Highway and Boundary Road, approximately 12 km from the metropolitan centre of Rockhampton. This exciting retail development, constructed in 2016, reflects the growing need for new retail services in this burgeoning suburb.

Excellent Accessibility
The Centre enjoys a high-profile location with frontage to the Bruce Highway (Yaamba Road), the major traffic route linking the Brisbane metropolitan area to Central and Northern Queensland. In 2017, more than 12,000 vehicles passed by the site daily, or 4.38 million for the year.

Significant Population Growth
The main trade area population of 15,210, including 8,710 persons in the key primary sector. The main trade area population is projected to increase to 23,960 by 2031, with significant residential development occurring in the Parkhurst-Norman Gardens Growth Corridor. Just 1km from Central Queensland University Campus and with new residential estates being developed in the area, Parkhurst provides long-term benefits for retailers choosing to be part of this exciting Centre. Parkhurst is estimated to accommodate more than 5,000 new dwellings over the period to 2036, with the largest estate currently Stockland’s Ellida Estate, planned for 2,272 dwellings.

Rapidly Developing Urban Area
The Centre will benefit from infrastructure improvements as part of the growth area, with more than $330 million invested in projects including the Rockhampton Northern Access Upgrade, Parkhurst Water Main Upgrade and associated infrastructure in residential estates. Planning for the Rockhampton Ring Road has also commenced together with funding to complete the project from state ($200 million) and federal government ($800 million). The northern entry/exit point of the ring road is located adjacent to the Parkhurst Town Centre.

Convenience
The Centre opened in 2016 and is of a modern format, with a range of convenience-based shops and services. The Centre is serviced by an ample provision of car parking, allowing for increased customer amenity and convenience.

Socio-economic Profile
The socio-economic profile of the main trade area is predominantly an affluent, Australian born population, with a high proportion of traditional families, which is the ideal target market for traditional retail facilities.

Main Trade Area Expenditure Capacity
Main trade area retail spending is currently estimated at $213.2 million and is projected to increase to $509.2 million by 2031. Average per capita spending is higher than the non-metropolitan Queensland benchmark.

Competition
Parkhurst Town Centre is the only shopping centre provided within the Parkhurst-Norman Gardens growth corridor. All other retail developments are located beyond the main trade area.

About Parkhurst & Norman Gardens
Rockhampton is the major focus for commercial, administrative and retail facilities throughout the surrounding Central Queensland region, with major industries including agriculture, mining and tourism.

Parkhurst is predominantly a residential suburb with pockets of industrial land. The location of Parkhurst along the Bruce Highway provides excellent local and regional accessibility.

The 2015 Rockhampton Region Planning Scheme identified the suburbs of Parkhurst and Norman Gardens as a major corridor for urban growth, including industrial, commercial and residential development.

In addition, the Central Queensland University Priority Development Area (CQU PDA) is located immediately south of Parkhurst, planned to provide a key integrated education, residential and community precinct.

Disclaimer: The information provided herein has been obtained from sources deemed reliable. We have not verified the information and make no guarantee, warranty or representation about its accuracy. Any projections, opinions, assumptions or estimates used do not represent the current or future performance of the property. You and your advisers should conduct a careful and independent investigation of the property in order to determine to the suitability of the property for your needs.

Property Highlights

Property ID13312052
Floor Area20 - 900 m²
Land AreaAsk Agent
Parking435 x Onsite parkings
Building TypePartial building
Category
Last updated  14 Jun 2019
Map for 812-818 Yaamba Road Parkhurst QLD 4702
AHC Limited
Southport Central Tower 3 Suite 30202, 9 Lawson St Southport QLD 4215

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